Tenement (real estate)

A tenement in real estate refers to a type of building that is divided into separate apartments or living units, often within a larger structure. Commonly associated with urban areas, tenements typically house multiple families or individuals, providing affordable housing options. Historically, they were known for cramped and basic living conditions, but modern tenements can vary widely in quality and amenities. The term can also encompass various types of leased properties or land, focusing on the rights of the owner and tenants regarding use and occupancy.